September 10, 2014 BY Gerald Segal

Investors like SafeCharge's 1H results, send shares up 4%

One of the cardinal rules of investing is 'Buy the Rumor, Sell the News'. As such, conventional wisdom might have led us to believe that - after a runup in its share price leading to the announcement yesterday of its first half 2014 results - there might be a post-announcement letdown in the share price…

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September 10, 2014 BY Mike Fox

ABN AMRO clearing hires Noel Singh to strengthen Forex product offering

ABN AMRO Clearing has recruited Noel Singh for a new role FX Product Manager, responsible for developing international expansion opportunities for the firm’s currency offering, as well as strengthening internal processes, procedures and risk controls. Mr. Singh was previously Head of FX Prime Brokerage at SEB Merchant Bank AB and has extensive experience in both FX products and…

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September 09, 2014 BY Gerald Segal

Zulutrade fined $150,000 by the CFTC for taking clients from Iran, Sudan and Syria

The CFTC has announced a settlement with social trading giant Zulutrade, whereby Zulutrade will pay a fine of $150,000 and repay commissions earned of $80,000. The settlement involve charges that from 2010 to 2013 Zulutrade failed to follow procedures for screening clients from the U.S. Department of the Treasury’s Office of Foreign Assets Control’s (OFAC) targeted countries.…

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